Construction & Real Estate

Dar Global awards design-and-build contract for premium Diriyah project

Dar Global, the London-listed developer, has awarded the design-and-build contract for its Rayana community at Wadi Safar located within the mega Saudi development Diriyah. The scope of work includes delivery of primary infrastructure including the earthworks, roads and utility networks. ...

Construction & Real Estate

Riyadh's KAFD DMC secures $3.2bn finance facility

King Abdullah Financial District Development and Management Company (KAFD DMC), the developer and operator of Riyadh’s premier business and lifestyle destination, has secured a SAR12 billion ($3.2 billion), 15-year, senior-secured Murabaha facility, its first independently secured debt facility. ...

Construction & Real Estate

GAF Property shapes a new residential experience with key Reem island project

UAE developer GAF Property has announced that it is shaping a new residential experience in Abu Dhabi through its latest residential development, Flow 25, located on Reem Island. The project draws its design inspiration from the Ghaf tree, one of the UAE’s most iconic natural symbols....

Construction & Real Estate

MAAIA’s two Dubai projects on track for Q2 2027 handover

MAAIA, a boutique luxury developer in Dubai, has confirmed that construction across its two active residential developments, La Clé in Al Furjan and La Vue in Nad Al Sheba Gardens, is advancing at full pace....

Construction & Real Estate

Binghatti Holding posts Q1 revenue of $1.19bn; profit reaches record $389m

Binghatti Holding Limited, a leading developer, has reported a net profit of AED1.43 billion ($389.38 million) for Q1 2026, representing a 73 percent year-on-year increase, while revenue rose 52 percent to AED4.39 billion ($1.195 billion)....

Construction & Real Estate

Majid Al Futtaim awards main contract for Distrikt Ghaf Woods

Majid Al Futtaim, a leading mall developer and leisure pioneer in the region, has awarded the main construction contract worth over AED700 million ($191 million) for its prime residential community in Dubai - Distrikt Ghaf Woods - to Al Sahel Contracting, a part of the Al Nabooda Group. ...

Construction & Real Estate

Binghatti Holding successfully prices $500 million sukuk

Binghatti Holding, one of the UAE’s fastest-growing real estate developers, has successfully priced a long five-year $500 million benchmark sukuk under its $1.5 billion Trust Certificate Issuance Programme, in a transaction that was 4.4 times oversubscribed....

Construction & Real Estate

Ssangyong E&C lands $250m Dubai residential towers contract

Leading Korean group Ssangyong Engineering & Construction (Ssangyong E&C) has won a $250 million contract from Dubai's state-owned real estate developer Wasl to build two high-rise residential developments in the Downtown Dubai area, said a report. ...

Construction & Real Estate

Aldar adds key land plots with $6.26bn development value

Aldar has added a number of strategic land plots across Abu Dhabi, with a combined gross development value of approximately AED23 billion ($6.26 billion), further reinforcing Aldar’s landbank strength and providing a pipeline for sustained, long-term growth across the capital’s most attractive development corridors....

Construction & Real Estate

Aldar's 9-month profits up 43% to $1.85bn

Aldar, a leading developer in the region, has reported a nine-month net profit before tax of AED6.8 billion ($1.85 billion), up 43% year-on-year (YoY), while net profit after tax rose 30% YoY to AED6 billion ($1.633 billion)....